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Month: July 2020

SE Asia-focused Wavemaker Partners breezes past Fund III goal to reach $111m final close

Southeast Asia-focused venture capital house Wavemaker Partners has breezed past its target to reach a $111m final close for its third fundraise.

Scale of Covid damage to European PE becomes clear – but LPs are backing one surprise subsector to shine

The scale at which the European private equity industry has been besieged by the coronavirus crisis is becoming increasingly clear thanks to new data from PitchBook, with fundraising, dealmaking and exit activity all falling to

Forescout takes haircut in new buyout agreement with Advent

Forescout took a 12% cut in its sale price to a private equity firm after the coronavirus stalled the deal

Advent narrowly avoids court trial after reaching cut-price $1.43bn Forescout buyout

Advent International has reached a cut-price agreement to buy Forescout Technologies for $1.43bn, narrowly avoiding a court trial in the wake of being sued by the company for attempting to back out of the deal.

New $250m-targeting private equity fund looks to help close US racial equality gap

A $250m-targeting private equity fund looking to back minority-owned businesses has been launched by the US-based Minority Wealth Commission.

Ex-PIMCO veteran Gross named head of institutional portfolio strategy at JP Morgan Asset Management

The $2.2tn-managing JP Morgan Asset Management has hired former PIMCO veteran Jared Gross for its newly created role of head of institutional portfolio strategy.

PPE, infection control product business Medicom gets CDPQ capital for Asian expansion

PPE and infection control specialist Medicom has picked up a loan from existing investor CDPQ to help expand the business into Asia.

Trivest Partners buys into tech-enabled retail agency Fortress Brand

Miami-based private equity house Trivest Partners has backed technology-enabled retail agency Fortress Brand as its latest investment.

Family offices lower their private equity outperformance expectations

Only around half of family offices said they expected private equity to outperform public investments

Alternatives fund platform launches with former Barings Europe CEO & Kirkbi CIO as advisers

Titanbay, an online platform, allows small and medium-sized institutional and professional private investors access to private equity

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